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Re: Market on Monday....any guesses?
Posted by BFNY516
one term President trump just tweeted the stock market was up.
https://www.cnn.com/2020/11/09/investing/dow-stock-market-today/index.html
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Posted 11/9/20 9:12 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
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Re: Market on Monday....any guesses?
Opening
29,871.95
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| Posted 11/9/20 9:32 PM |
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MsSissy
xoxoxo
Member since 3/07 39159 total posts
Name:
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Re: Market on Monday....any guesses?
I don't know much about the market. And I'm sure these 2 have nothing to do with each other.
But when I saw the positive reaction from the majority of the American people I had a real good feeling the market would be up.
Let's hope it stays up.
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| Posted 11/9/20 10:03 PM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14021 total posts
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Re: Market on Monday....any guesses?
The market is reacting to the news on PFE.
The DOW is seeing the biggest jump right now but that is just 30 companies.
The NASDAQ may have trouble staying up, about 1.6%, due to being so tech heavy.
We will see how the day ends.
It's a great market if one is looking to sell mega caps.
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| Posted 11/9/20 10:21 PM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19458 total posts
Name:
L
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Re: Market on Monday....any guesses?
Japan’s market finished with the best day in 29 years today.
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| Posted 11/9/20 11:04 PM |
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MarathonKnitter
HAPPY
Member since 2/07 17374 total posts
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EMBRACING CHANGE
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Re: Market on Monday....any guesses?
Posted by valentinesbaby48
Posted by GoldenRod
If it goes up, it's because the Market know that Biden's economic plans will be good for the market.
If it goes down, it's because the Market is afraid that with a lame-duck trump at the helm, he'll destroy everything around him on his way out.
So basically you are saying it is all Trump’s fault again. 
didn't trump tell us that all that happened in the known universe, these last four years, happen because he's so amazing? well, then he can have full credit for this, too.
like a pp said, evaluate YOUR life and your investments. i know that my finances didn't improve because of trump. my finances improved because i did the back-breaking work. i've worked 6-day weeks, i've worked to get out of debt, i've worked to get my life in order.
also, i do believe that trump will do his best to scorch the earth on his way out of the white house. he's never cared about anyone but himself.
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| Posted 11/9/20 11:24 PM |
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Re: Market on Monday....any guesses?
Posted by MarathonKnitter
Posted by valentinesbaby48
Posted by GoldenRod
If it goes up, it's because the Market know that Biden's economic plans will be good for the market.
If it goes down, it's because the Market is afraid that with a lame-duck trump at the helm, he'll destroy everything around him on his way out.
So basically you are saying it is all Trump’s fault again.
didn't trump tell us that all that happened in the known universe, these last four years, happen because he's so amazing? well, then he can have full credit for this, too.
like a pp said, evaluate YOUR life and your investments. i know that my finances didn't improve because of trump. my finances improved because i did the back-breaking work. i've worked 6-day weeks, i've worked to get out of debt, i've worked to get my life in order.
also, i do believe that trump will do his best to scorch the earth on his way out of the white house. he's never cared about anyone but himself.
He will take credit for a virus, that is a known already since he is still in office.
Hopefully the market will go up and up no matter who is in office. I have been saving close to 25 years so I know what you mean.
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| Posted 11/9/20 11:43 PM |
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seaside
LIF Adult
Member since 6/08 3101 total posts
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Re: Market on Monday....any guesses?
Market is WAY up. 
Can't imagine it's about anything other than the election and the covid progress--the vaccine news and the naming of a real taskforce.
That said, serious investors are in it for the long haul, so today is a happy blip...but the long term forecast is looking much better/hopeful, and that is reason to celebrate. 
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| Posted 11/9/20 11:57 PM |
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queensgal
Smile
Member since 4/09 3287 total posts
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Re: Market on Monday....any guesses?
The market was up as of last week expecting a Biden win. If trump had won, it would have crashed. The markets moves are all about assumptions/ expectations and deviations from there. I think the moves today are related to positive news about a vaccine and control of the virus task force, policy. An out of control virus is bad for the stock market because it creates instability and risk.
Simple example: if a company is expected to lose money, the stock value will reflect that. If they announce earnings in a quarter as lose less than expected, it’s stock will typically rise even though they still lost money.
So the market made its moves based on the election before the election. And it predicted correctly: Biden.
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| Posted 11/10/20 12:12 AM |
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